AustralianSuper

Today is #EqualPayDay so let's start a conversation about closing the gender super gap so women don't retire with 23% less superannuation than men. #AustralianSuper

Today is Workplace Gender Equality Agency's #EqualPayDay. It’s 50 days into the new financial year which marks the number of extra days women must work to earn the same, on average, as men did last year. As Australia continues its journey towards gender equality, we are urging all Australians to have a 'super' conversation this Equal Pay Day. “Women, on average, earn $230 less per week than men, significantly impacting their lifetime earnings, superannuation savings and retirement security. “We think this important conversation needs to extend to the long-term impact on women’s superannuation balances and ultimately their financial security in retirement. Australian women should have the same retirement outcomes as men,” said AustralianSuper Chief Member Officer Rose Kerlin. The disparity in earnings has a significant impact on the retirement savings of women with the average super balance of women aged between 60 and 64 23% lower than that of men. So, this Equal Pay Day, start a conversation with your employer – do they offer regular pay reviews, super on paid parental leave or flexible working? It’s important you are equipped with the right information and can access the support that is available. If you have a partner also have a conversation with them about superannuation. For example, if you take parental leave down the track, your partner may be able to make contributions to your super. For more information on bridging the gap, head to our website https://ausup.me/4dstwb4

On Monday it’s #EqualPayDay, which provides a great opportunity to reflect on what it means to be committed to achieving gender equality in our workplace. Monday will be 50 days into the new financial year which is significant because it marks the number of extra days women must work to earn the same, on average, as men did last year. “AustralianSuper is committed to further reducing the gender pay gap and increasing representation of women in senior roles to achieve this goal. In February 2024, the Workplace Gender Equality Agency published organisations’ gender pay gaps, which reflected the Fund’s median base pay gap at 7.1%, down from 9.1% in the previous year’s WGEA Gender Equality Report. Ultimately, AustralianSuper aspires to have zero pay gap,” said Michele Glover, Chief Colleague Officer. To help bridge the gender pay gap, AustralianSuper is proud to offer: 👉 20 weeks of paid parental leave with no qualifying period and no distinction between primary and secondary carers. 👉 Continued superannuation contributions for parents on parental leave at the full-time rate for 104 weeks. 👉 AustralianSuper recruitment shortlists are mandated to have 40% female, 40% male, 20% any gender and all interview panels must be gender balanced. 👉 A Blended Working clause was embedded in AustralianSuper’s Enterprise Agreement that enables flexible working between the Fund office and the colleague’s office, without mandating defined working days/hours required in the Fund’s office. 👉 In 2024, AustralianSuper was recognised as an Employer of Choice for Gender Equality by the Workplace Gender Equality Agency (WGEA) for 13 consecutive years. Learn more about our values and career opportunities: visit https://ausup.me/3SQ7y9S

Members living in remote locations experience significantly greater barriers to accessing their superannuation. AustralianSuper is proud to join the First Nations Foundation and The Arnhem Land Progress Aboriginal Corporation (ALPA) to provide services to members in East Arnhem Land this week, as part of our Outreach Program.   Read the PDS and TMD at australiansuper.com

AustralianSuper Chief Executive Paul Schroder shares an update for the end of the 2024 financial year. Hear from Paul as he talks through investment returns and outlook, performance drivers, and Fund highlights from the year. “Everyone’s retirement story is different. Whatever your story, we’re here to help you get the most out of your super when you retire,” Paul says. Watch the video here: https://ausup.me/4fH1E4F Read the PDS and TMD at https://ausup.me/3X3UlwP

Manage your super anytime, anywhere with the AustralianSuper mobile app. Stay on top of your super with simple features that let you view balances and fees across all accounts, update your personal details and track how your super has performed over time. Get the app now: https://ausup.me/3WSFsx9

Supported by rising share markets here and overseas, AustralianSuper’s Balanced option has returned 8.46% for Super accounts and 9.25% for Choice Income (pension) accounts for the 12 months to 30 June 2024. Importantly, over the longer-term, the Balanced option has delivered an average annual return of 9.26% in super accounts since inception in August 1985. Listen to Alistair Barker speak about the Fund’s performance in FY24. You can also join our webinar on 13 August to learn about AustralianSuper’s investment strategies and how we see the economic environment. This offers a great opportunity to ask any questions you may have about your super and how it’s invested. Visit https://ausup.me/4ftAWw9

Join AustralianSuper experts on Tuesday 13 August for an update on the Fund’s EOFY investment performance to 30 June 2024 and our outlook for investment markets. Register now: https://ausup.me/3LMDSXa Read the PDS and TMD at https://ausup.me/3ykpoL4

For the 13th consecutive year, AustralianSuper has been recognised as an Employer of Choice for Gender Equality by the Workplace Gender Equality Agency (WGEA). We are proud to be one of only 115 companies in the country to achieve this citation in 2024, and will continue to show our commitment to narrowing the gender pay gap with actions including: 👉 supporting all colleagues to balance work and personal life through our Blended Working Policy 👉 encouraging men to take up to 20 weeks paid parental leave 👉 continued superannuation contributions for parents on parental leave at the full-time rate for 104 weeks. Learn more about our values and career opportunities at https://ausup.me/4cZNqu5 #WGEA #EmployerofChoiceforGenderEquality

Where’s super sitting on your to-do list? Answer a few simple questions with Super Snapshot to know how your super stacks up. Take your Super Snapshot today: https://ausup.me/4dbU4No